Score
SPTORO
United States|2-5 years| https://www.sptoro.com
Website
Rating Index
Influence
Influence
D
Influence index NO.1
Israel 2.49Surpassed 14.60% brokers
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+41 225017638
Other ways of contact
Broker Information
More
SPT Media LLC
SPTORO
United States
Pyramid scheme complaint
Expose
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
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SPTORO · Company Summary
Note: SPTORO's official website: https://www.sptoro.com is currently inaccessible normal.
| SPTOROReview Summary | |
| Founded | / |
| Registered Country/Region | St. Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex, Indices, Commodities, Stocks, Cryptocurrency |
| Demo Account | / |
| Leverage | / |
| EUR/USD Spread | 2.6 pips (Bronze account) |
| Trading Platform | Sirix platform |
| Min Deposit | $50 |
| Customer Support | Tel: +41225017638 |
| Email: support@sptoro.com | |
SpToro is an online broker, owned and operated by SPT Media LLC registered in St. Vincent and the Grenadines, which itself is a problem. It‘s an offshore jurisdiction that loosely regulates the financial sector and doesn’t even license the brokers operating there.
As a result, the FX business is entirely unregulated and pose risks for traders and investors. The Spanish financial authority CNMV recently scrutinised SpToro and issued a warning against them. Your funds are in danger because this broker is an exposed scam.
Pros & Cons
| Pros | Cons |
| Various market offerings | Lack of regulation |
| Multiple account types | Unfunctional website |
| Low minimum deposit | Wide spreads |
| No MT4/5 |
Is SPTORO Legit?
SPTORO is entirely unregulated and poses risks for traders and investors.
What Can I Trade on SPTORO?
| Trading Asset | Available |
| forex | ✔ |
| commodities | ✔ |
| indices | ✔ |
| stocks | ✔ |
| cryptocurrencies | ✔ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Account Type
SPTORO offers four account types, namely Bronze, Gold, Platinum, and Diamond account, with minimum deposit requirement of 50 USD. In any case, as this is not a legit broker, traders should not trade with it.
Spread and Commission
SpToro offers quite a few trading accounts, with spreads and commissions in varying from different accounts.
| Account Type | EUR/USD Spread | Commission (World Indices, Equities US & Equities Asia) |
| Bronze | 2.6 pips | 15 USD per lot |
| Gold | 1.2 pips | 13 USD per lot |
| Platinum | 0.7 pips | 11 USD per lot |
| Diamond | 0.2 pips | 9 USD Per lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Sirix platform | ✔ | PC, Mobile, Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
SPToro does seem to only accept credit cards, but many other convenient payments like wire transfer, Skrill, Neteller, PayPal are not available.
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